HDB and VJC stocks soar, boosting shareholder wealth.
On August 14th, shares of HDB, Ho Chi Minh City Development Joint Stock Commercial Bank, and VJC, Vietjet Aviation Joint Stock Company, surged to the maximum allowed limit, reaching ceiling prices of 30,950 VND per share and 136,300 VND per share, respectively. This marked the third consecutive session of gains for HDB and the fourth straight session of increases for VJC.
HDB and VJC’s impressive stock performance.
The rising stocks have positively impacted the wealth of HDB and VJC shareholders.
As a result of the shares reaching their ceiling prices, the wealth of HDB and VJC shareholders, including billionaire Nguyen Thi Phuong Thao, has significantly increased. Forbes now estimates Ms. Thao’s wealth at $3.5 billion, a boost of $205 million, ranking her as the 1,111th richest person globally.
According to the audited consolidated financial statements for 2024 of Ho Chi Minh City Finance and Investment State-owned Company (HFIC), the company owns 93,591,512 HDB shares, originally purchased for nearly VND 270.9 billion. At the current market price of HDB, these shares are now worth nearly VND 2,897 billion, representing a 10.7 times return on their original investment. HFIC’s long-term investment in HDB has proven to be a wise decision.
HFIC’s substantial gains from their HDB investment.
In terms of business results, HFIC recorded consolidated net revenue of VND 12,708 billion in 2024, a 3% increase compared to the previous year. However, consolidated post-tax profit decreased by 23% to VND 1,634 billion.
Previously, at the Techcombank Investment Summit 2025 held on July 9th, Ms. Nguyen Thi Phuong Thao shared that Vietjet has become one of the most influential private listed companies in the market. She highlighted the significant growth in the value of Vietjet’s shares, with investors witnessing a fivefold increase since the company’s early days. For those who joined even earlier, approximately five years ago, the growth has been astonishing, reaching nearly a hundredfold.
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